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Dec 7, 2012
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governor chris christie is making a personal plea for federal disaster aid in the wake of hurricane sandy. the republican governor paid an unannounced visit to the white house to ask the president for $83 billion in aid for new jersey, new york and connecticut. he also met with members of congress. it was their first meeting since touring new jersey disaster areas in late october. >>> tea party leader and some say gop king-maker, senator jim demint of south carolina, is stepping down from congress, this happening on january 1st. demint will become head of the heritage foundation. that's a conservative think tank with an $80 million-a-year budget. demint is just two years into a second six-year term, and south carolina governor nikki haley will appoint his successor. >>> so, 2012 was officially the most expensive election in american political history. the final reports show that spending on the campaign broke the $2 billion landmark and milestone in its final weeks, helping set the record. las vegas casino mogul sheldon adelson and his wife poured more than $95 million into super politica
governor chris christie is making a personal plea for federal disaster aid in the wake of hurricane sandy. the republican governor paid an unannounced visit to the white house to ask the president for $83 billion in aid for new jersey, new york and connecticut. he also met with members of congress. it was their first meeting since touring new jersey disaster areas in late october. >>> tea party leader and some say gop king-maker, senator jim demint of south carolina, is stepping down...
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Dec 4, 2012
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a little bit of that was the replacement of cars from superstorm sandy. that is really good news there for the auto sector. the markets have been down lately. we had average to poor manufacturing data out of the u.s. in the last 24 hours as well. also keep an eye on the big accounting companies as well. the sec is taking aim at them allegedly haven't handed over the documents that the sec wants to see in relation to chinese companies listing in canada and the united states when those companies listed very often they performed really badly amid accounting issues as well. the sec taking aim at the accountants. >> all right, steve. >> actually, the london markets today are going to be crazy. when you talk to steve about that. >> out of hand. >> a lot of big news going on over there. >> yeah. i'm sort of -- >> popping, explode. >> i don't know how i feel about reporting on these things. >> then let me do it. it's official, kate middleton, the duchess of cambridge is pregnant. they went public with the news yesterday earlier than they wanted to because kate wa
a little bit of that was the replacement of cars from superstorm sandy. that is really good news there for the auto sector. the markets have been down lately. we had average to poor manufacturing data out of the u.s. in the last 24 hours as well. also keep an eye on the big accounting companies as well. the sec is taking aim at them allegedly haven't handed over the documents that the sec wants to see in relation to chinese companies listing in canada and the united states when those companies...
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Dec 7, 2012
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house yesterday, making his case to president obama to get more federal aid for victims of hurricane sandy. president obama's expected to ask congress for an additional $50 billion to help states hit by the october storm, but christie says sandy will cost new jersey alone up to $37 billion. new york governor andrew cuomo and new york city mayor michael bloomberg also made similar trips to d.c. recently to push for more federal support. >>> after a delay noted by none other than "the new york times's" maureen dowd, secretary of state hillary clinton is coming to the defense of u.n. ambassador susan rice, calling her a stalwart colleague. rice is seen as a top pick to succeed clinton in the state department, but is under attack by republicans who accuse her of misleading the public in the aftermath of the september 11th attacks at the u.s. consulate in benghazi. >> and it's important to remember what susan said was based on the information that had been given to every senior official in our administration, and she made very clear in her appearances that the information was subject to change
house yesterday, making his case to president obama to get more federal aid for victims of hurricane sandy. president obama's expected to ask congress for an additional $50 billion to help states hit by the october storm, but christie says sandy will cost new jersey alone up to $37 billion. new york governor andrew cuomo and new york city mayor michael bloomberg also made similar trips to d.c. recently to push for more federal support. >>> after a delay noted by none other than...
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and sandy victims facing devastation one month later, so is this any time for the united nations to be using them as a fund raising tool? the cavuto gang is all over that one at the bottom of the hour. hour. up here first, forget fees in this family used capital one venture miles to come home for the holidays. that's double miles you can actually use... sadly, theirrother's white christmas just got "blacked out." [ brother ] but it's the family party! really jingles your bells, doesn't it? my gift to you! the capital one venture card! for any flight, any time! that's double miles you can actually use! how illuminating. what's in your wallet? let me guess, am on the naughty list agn? ho ho ho! let me guess, am on the naughty list agn? music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 people look
and sandy victims facing devastation one month later, so is this any time for the united nations to be using them as a fund raising tool? the cavuto gang is all over that one at the bottom of the hour. hour. up here first, forget fees in this family used capital one venture miles to come home for the holidays. that's double miles you can actually use... sadly, theirrother's white christmas just got "blacked out." [ brother ] but it's the family party! really jingles your bells,...
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Dec 8, 2012
12/12
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when something like sandy he happens, right? it's fascinating to think about it. you lose power. my parents lost powers for days, and you're like, oh, right. everything about my life literally every last detail is dependent on this massive invisible infrastructure. i never think about it that a whole bunch of people are running and litigating about and legislating and regulating and making a lot of money off this massive industry that is just like huge mountain. i sit at the very top of it, and i live my life. when it goes away, what's the deal. how does my utility company actually work, and why can't they get my parents' power restored in a week? one thing positive about the fracking boom is it produced this grassroots response in which people educate themselves about the chain of production of how does a molecule of carbon go from the ground to fire up your grid so you can turn your light on. >> sandy, too. one of the other things that became very visible with the mile after mile of these poles and wires that are down, it hit you in the face that is this bha we're running the g
when something like sandy he happens, right? it's fascinating to think about it. you lose power. my parents lost powers for days, and you're like, oh, right. everything about my life literally every last detail is dependent on this massive invisible infrastructure. i never think about it that a whole bunch of people are running and litigating about and legislating and regulating and making a lot of money off this massive industry that is just like huge mountain. i sit at the very top of it, and...
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Dec 5, 2012
12/12
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it, too, is likely to reflect temporary effects related to the aftermath of hurricane sandy. >> we're looking for only a 50,000 gain in jobs in november, well under that 170,000 average we've seen over the past three months. >> reporter: hurricane sandy's effects on hiring may be short- lived, but experts worry fiscal cliff concerns could result in a new storm brewing for workers looking to land a job in the coming weeks. suzanne pratt, "n.b.r.," new york. >> tom: citi and the financials lead the way higher on wall street, helping the dow top 13,000 again.at but a big drop in apple shares kept the nasdaq fromains.. by the closing bell, the dow was up 82 points, the nasdaq down 23, the s&p added two points. >> susie: investors were also encouraged by news that american workers were very productive this past summer, and that's good news for company profits. productivity increased at its fastest pace in two years, at an annual rate of 2.9% from july through september. that number blows away the initial estimate of 1.9%. erika miller takes a closer look at how technology is helping to boo
it, too, is likely to reflect temporary effects related to the aftermath of hurricane sandy. >> we're looking for only a 50,000 gain in jobs in november, well under that 170,000 average we've seen over the past three months. >> reporter: hurricane sandy's effects on hiring may be short- lived, but experts worry fiscal cliff concerns could result in a new storm brewing for workers looking to land a job in the coming weeks. suzanne pratt, "n.b.r.," new york. >> tom:...
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Dec 6, 2012
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two of them released their estimates of how much hurricane sandy will cost them. travelers figures the storm will cost it $650 million. hartford pegged its storm losses as high as $350 million. analysts say the companies can absorb the impact. both stocks were higher. travelers rallied 4.9%, closing less than one dollar away from a new 52-week high. hartford added 2.9%. drug giant pfizer had encouraging news on an experimental breast cancer drug. with up to $6 billion in potential global sales, the stock rallied. shares jumped 1.9% on heavier than usual volume. while the breast cancer drug tests were positive, any regulatory approval wouldn't happen for at least a couple of years. three of the five most actively traded exchange traded products were up. the financial e.t.f. had the best gains, up 1.2%. and that's tonight's "market focus." >> susie: a tough day for investors in freeport mcmoran. the stock plunged 16% on news that the mining company is buying two oil and gas producers. it's paying $9 billion for plains exploration and production company and mcmoran e
two of them released their estimates of how much hurricane sandy will cost them. travelers figures the storm will cost it $650 million. hartford pegged its storm losses as high as $350 million. analysts say the companies can absorb the impact. both stocks were higher. travelers rallied 4.9%, closing less than one dollar away from a new 52-week high. hartford added 2.9%. drug giant pfizer had encouraging news on an experimental breast cancer drug. with up to $6 billion in potential global sales,...
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Dec 4, 2012
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the virus and should take care of 90% of the flu cases. >>> a rare positive side effect to hurricane sandy, the auto industry reports that cars have been flying off the lots. mandy drur ree is here with what is moving your car sales. >> car sales rose 15%. you were saying it. we had to see a lot of replacement of cars and trucks damaged in the hurricane. but at the end of the day it's contributed to the industry's best monthly sales rate in four years. for example, chrysler continued an amazing year with november sales up about 14.4%. all in all, if you put it all together, it totals exceeding most forecasts and hopefully also back up some of the forecasts that the revival of the industry could continue into next year as well. if november was a good month, this month has the potential to be even better as the replacement continues. chris in. >> from good sales news to bad sales news, new year's eve couldn't come soon off for champagne sales producers. they have gone down. what is going on? >> demand is eroding. bubbly sales is a festive but in the first nine months of this year, shipments
the virus and should take care of 90% of the flu cases. >>> a rare positive side effect to hurricane sandy, the auto industry reports that cars have been flying off the lots. mandy drur ree is here with what is moving your car sales. >> car sales rose 15%. you were saying it. we had to see a lot of replacement of cars and trucks damaged in the hurricane. but at the end of the day it's contributed to the industry's best monthly sales rate in four years. for example, chrysler...
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. >> hurricane sandy victims are still in the cold. are lawmakerssing the super storm to push the green agenda storm to push the green agenda and push you to pay more. can i help you? i heard you guys can ship ground for less than the ups store. that's right. ie learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. you know how painful heartburn can be. for fast, long laing relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. at legalzoom, we've created a betteplace to hane your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer
. >> hurricane sandy victims are still in the cold. are lawmakerssing the super storm to push the green agenda storm to push the green agenda and push you to pay more. can i help you? i heard you guys can ship ground for less than the ups store. that's right. ie learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. you know how...
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Dec 7, 2012
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so sandy did leave an impact in the data. but i think the report as a whole shows that the economy has been resilient, as i say every month when i'm on your show we're making progress. we're digging our way out of a deep hole. we're not satisfied yet. there's a long way to go. but there are signs that the economy is continuing to heal. >> is it a realistic possibility a year ago today the unemployment rate was 8.7%. today it's 7.7%. is it a realistic possibility, i know you don't like to project numbers, but that we could expect another point drop a year from now? is. >> well, we'll come out with our official projections when the budget comes out but i would say if congress does address the problems that it needs to address concerning the fiscal cliff if we had reasonable resolution type of programs that the president has been proposing to support the economy in the short run, get us on a sustainable fiscal path in the long run, protect the middle class, we're going to continue to see progress in this economy. in fact, i woul
so sandy did leave an impact in the data. but i think the report as a whole shows that the economy has been resilient, as i say every month when i'm on your show we're making progress. we're digging our way out of a deep hole. we're not satisfied yet. there's a long way to go. but there are signs that the economy is continuing to heal. >> is it a realistic possibility a year ago today the unemployment rate was 8.7%. today it's 7.7%. is it a realistic possibility, i know you don't like to...
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Dec 3, 2012
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now we are about to make the same mistakes with respect to the clean up of sandy that we made when we wasted tens of millions with katrina. i am radical on this. my feeling is if we are going to help the victims, give the money to the victims. or to the salvation army or the red cross or the kinds of institutions we know are providing the real help. do not give it to the politics and the state. that is a middle class taking away 10 percent or 20 percent of the money. >>neil: who gave charlie for the money, i an herery of charlie, in had case, sam, uncle sam. how close to the $42 billion will the governor get or a comparable sum that the governors of new jersey and connecticut are looking at? >>guest: they will get almost all of it. when does congress say know to any of the people? our hearts bleed for the people who lost their homes to the terrible storm so you have the victims, they will put them on tv and say you got to give us the hundred and that brings me to a second point. if we are going to give, it will probably be well over $50 billion, why not have a policy when we have a cr
now we are about to make the same mistakes with respect to the clean up of sandy that we made when we wasted tens of millions with katrina. i am radical on this. my feeling is if we are going to help the victims, give the money to the victims. or to the salvation army or the red cross or the kinds of institutions we know are providing the real help. do not give it to the politics and the state. that is a middle class taking away 10 percent or 20 percent of the money. >>neil: who gave...
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Dec 7, 2012
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>> i think that the economy dodged a bullet with hurricane sandy in a way we really weren't expecting. we were really expecting to see that hit much harder because it hit the week that they were taking the survey. the real concern with the economy now that you're hearing fl folks like mark zandy is that it's not consumers that are not spending, it's employers who are spending. business investment has been down year over year in the last two quarters as people do not, you know, invest in equipment or buy software because they have no idea what's happening to their tax rates in january. that's where people get nervous about what's going on. >> the uncertainty? >> yeah. >> blake, if there is a deal to avoid the so-called fiscal cliff, could these jobs numbers get considerable better? >> i think so, but it's funny. the republicans are in a bit of a box here. their motivation is to say it's not so good. a lot of jobless people out there. we have a real problem. meanwhi meanwhile, we have fiscal cliff negotiations where the president wants stimulus mechanisms including an extension of unemp
>> i think that the economy dodged a bullet with hurricane sandy in a way we really weren't expecting. we were really expecting to see that hit much harder because it hit the week that they were taking the survey. the real concern with the economy now that you're hearing fl folks like mark zandy is that it's not consumers that are not spending, it's employers who are spending. business investment has been down year over year in the last two quarters as people do not, you know, invest in...
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Dec 5, 2012
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. >> when you look at where we have had like natural disasters, like hurricane sandy in the northeast and other things that have shown the need to rebuild the infrastructure -- i mean, when a hurricane can close down the biggest city in the country for a week and the new jersey coast, we're not talking about handouts here. we need to rebuild tunnels and bridges and highways and roadways. you would think that would be above partisan bickering. >> it's been said before, al, we're still driving on eisenhower's highways and going to roosevelt's schools. you know, 60, 70-year-old things, we've got to rebuild this infrastructure. it will put a lot of people back to work. you're right on targetzez that. hurricane sandy showed that more clearly than anything else. >> senator tom harkin, thank you for your time tonight. >> thank you, al. thank you for your leadership. >>> up next, what does america look like? here's hant. it's not the republican party. you'll want to hear what nancy pelosi had to say about this picture. >>> plus, the great rosie perez is here. actress, director, activist. she
. >> when you look at where we have had like natural disasters, like hurricane sandy in the northeast and other things that have shown the need to rebuild the infrastructure -- i mean, when a hurricane can close down the biggest city in the country for a week and the new jersey coast, we're not talking about handouts here. we need to rebuild tunnels and bridges and highways and roadways. you would think that would be above partisan bickering. >> it's been said before, al, we're...
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what are they celebrating, remember that they have not fallen to level that prevailed before hurricane sandy. what is more, there are few if any indications they will get that that neck of t woods any time soon. big layoffs at citigroup, what is that 11,000? lingering fallout from thousands of jobs lost at hostess. all i'm saying is, when you look at this news, and it still interpreted as good, only make me thing, that mainstream media is stillushing for the president or democrats. well, the guy got reelected. you don't have to pretend any more, it upsets me, tye young, what do you make of this. >> neil thank you, we have wall street ling people off, main street laying people off, market flat lining up and down one week to the next. just like it was before it crashed in 28, unemploymt number 7 .9% that is very high, real unemployment maybe is almost 17%, and the washington post tells us that ignore it because of hurricane sandy, that is ridiculous. my clients are business owners, they tell me that the cost of living and cost of doing business is going up, t availabilityf business loans is no
what are they celebrating, remember that they have not fallen to level that prevailed before hurricane sandy. what is more, there are few if any indications they will get that that neck of t woods any time soon. big layoffs at citigroup, what is that 11,000? lingering fallout from thousands of jobs lost at hostess. all i'm saying is, when you look at this news, and it still interpreted as good, only make me thing, that mainstream media is stillushing for the president or democrats. well, the...
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Dec 9, 2012
12/12
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this year, many of those letters are coming from hurricane sandy victims. jenna is back with more. >> hey, willie. the letters are addressed to santa, just "dear santa" and some of them really show what a tough year it's been for many kids. the letters begin with a passionate "dear santa." >> i'm 11 years old and been really good this year. >> reporter: what follows are often emotional requests from model cars to miracles. >> what i really want is that you return my mom's health so she won't be sick anymore. >> reporter: each holiday season hundreds of thousands of letters are sent from across the country addressed to, well, to santa claus and for 100 years now fulfilling some of those wishes has been a tradition of the u.s. post office. >> this area is where we send the gifts out. >> reporter: keith fontana is keafe elf of "operation santa" at new york's main post office where last year some 500,000 letters to old st. nick came through. there are thousands of letters here. >> there's roughly about 700, 800 to each tray. >> and this is all letters to santa
this year, many of those letters are coming from hurricane sandy victims. jenna is back with more. >> hey, willie. the letters are addressed to santa, just "dear santa" and some of them really show what a tough year it's been for many kids. the letters begin with a passionate "dear santa." >> i'm 11 years old and been really good this year. >> reporter: what follows are often emotional requests from model cars to miracles. >> what i really want is...
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using sandy, a lot of problems that were, you know, brought to the floor as a result of sandy. i don't know that climate change is the number one one, i mean, it could be where we are living. i mean, the type of insurance that we're buying and selling, what the government is backing, where we allow people to build homes. there's a lot of issues that we might want to tackle before we talk about climate change related to sdy. neil: when you spend money to address a problem, you need money to address the problem. >> great point. neil: i wonder whether you believe climate change, warming, manmade or not, but they force the issue. i'm wondering whether it's democrats or liberals are over reading the election? i think it's safe to say there's a fair organization, -- fair argument, that raising taxes on the rich was a consequence of the election. all the other stuff is a leap. >> there's -- >> as far as what you leverage off. winning by a couple points does not turn into a mandate that everybody's behavior in how they consume energy sign up for changing that, increased energy prices,
using sandy, a lot of problems that were, you know, brought to the floor as a result of sandy. i don't know that climate change is the number one one, i mean, it could be where we are living. i mean, the type of insurance that we're buying and selling, what the government is backing, where we allow people to build homes. there's a lot of issues that we might want to tackle before we talk about climate change related to sdy. neil: when you spend money to address a problem, you need money to...
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Dec 5, 2012
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finally, congressman, there are reports the president may ask congress for $50 billion for hurricane sandy, you know, to cover costs of relief and rebuilding. do you expect that to even be held hostage as well by region sn -- republicans? >> yes, do i. >> so no agreement on fiscal cliff, no agreement on debt ceiling, no agreement on this either? >> that's because they are obstructionists. they've turned the win into a partisan political instrument. they've turned the weather into a partisan political instrument. we have a solution to thisç 37e have introduced a discharge petition. we think that we shouldn't be holding the middle class hostage. everyone agrees the first $250,000 in income should receive a tax increase. i believe it should be higher in some areas like long island. but i'm not telling to tell somebody making $130,000 won't get a tax cut until somebody at $300,000 gets theirs. let's just vote today, tomorrow o a bill to give people a tax cut up to the $250,000, we offered a discharge petition. we need 40 republicans to sign that petition, get this out to a vote, put brakes o
finally, congressman, there are reports the president may ask congress for $50 billion for hurricane sandy, you know, to cover costs of relief and rebuilding. do you expect that to even be held hostage as well by region sn -- republicans? >> yes, do i. >> so no agreement on fiscal cliff, no agreement on debt ceiling, no agreement on this either? >> that's because they are obstructionists. they've turned the win into a partisan political instrument. they've turned the weather...
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. >> we have chris christie here today testifying in congress about aid for victims of superstorm sandy. clearly, he's got an interest in 2016, and then there's jeb bush. aa number of the people you just mentioned have very interesting ideas about immigration and about expanding the universe of the party. not all of them but certainly bobby jindal and jeb bush and marco rubio. >> immigration and education are the two places you'll see these wan-to-be future leaders break from it. >> that does it for us for this edition of "andrea mitchell reports." tomorrow on the show maria cantwell and roger altman joining us. follow us online and on twitter @mitchellreports. hi, tamron. >> grae to see you. in the next hour we follow developing news. president obama has new words of speaker boehner and the republicans in his first tv interview since the election and since the fiscal cliff stalemate started. no deal until republicans drop the opposition to raising tax rates on the wealthy. that's the president's message. we'll play the interview for you, parts of it, and also hear from democratic congr
. >> we have chris christie here today testifying in congress about aid for victims of superstorm sandy. clearly, he's got an interest in 2016, and then there's jeb bush. aa number of the people you just mentioned have very interesting ideas about immigration and about expanding the universe of the party. not all of them but certainly bobby jindal and jeb bush and marco rubio. >> immigration and education are the two places you'll see these wan-to-be future leaders break from it....
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i'm based out of the occupy sandy hub in staten island and we have the n.y.p.d. retired n.y.p.d. and its hard firefighters right next to us they cook for us and for the whole community. we work and say hello with them each and every day i think it's just under duress this is what sort of humanity does and unfortunately as things get better the will be will be new new strains introduced especially when it comes to where we come from which is occupy wall street we advocate for poor people and usually it's against people that run the system so as we're seeing more and more houses condemned and the possibility of eminent domain and developers coming in. you're going to meet occupy sandy will morph back into occupy wall street and you'll see us back the way we are when we advocate for poor people and talk about the n.y.p.d. and what it was specifically they can learn from the occupy movement i mean obviously your movement has no time to organize it had to do it in the past you were able to support yourselves as you call the park by dividing up donated food and blankets so what has or
i'm based out of the occupy sandy hub in staten island and we have the n.y.p.d. retired n.y.p.d. and its hard firefighters right next to us they cook for us and for the whole community. we work and say hello with them each and every day i think it's just under duress this is what sort of humanity does and unfortunately as things get better the will be will be new new strains introduced especially when it comes to where we come from which is occupy wall street we advocate for poor people and...
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Dec 8, 2012
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well, president obama may be in a new battle with congress this time over sandy relief money. he asked to prove $64 billion for the hard hit states like new york and new jersey. most of that money is meant to help the victims. $13 billion will be used to protect against future storms. but a democratic aide tells nbc news they don't expect republicans to hand over the money saying, quote, we're going to have to fight for it. >>> to the saturday weather now, snow is the word in parts of the country, washington state, a foot is expected to fall. a storm blanketing the midwest. nbc meteorologist dylan has the details. >> reporter: good morning, alex. not too many dry spots across the northern half of the country. it's snowy across michigan right now where most of the cold air is located. elsewhere we are seeing freezing rain in central and northern new england. rain moving through massachusetts right now, sprinkling in new york city. some heavier rain in southern ohio. the big story is the winter weather out through montana, through the dakotas and eventually spreading east into m
well, president obama may be in a new battle with congress this time over sandy relief money. he asked to prove $64 billion for the hard hit states like new york and new jersey. most of that money is meant to help the victims. $13 billion will be used to protect against future storms. but a democratic aide tells nbc news they don't expect republicans to hand over the money saying, quote, we're going to have to fight for it. >>> to the saturday weather now, snow is the word in parts of...
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Dec 3, 2012
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they'll also be watching for friday's release of the november jobs report and what impacts superstorm sandy and those fiscal fears may have had on hiring. meanwhile, the national retail federation is asking congress to step in and stop striking clerical workers who shut down 10 of 14 terminals at two california ports. the group estimates the now week-long strike is costing $1 billion a day. >>> edward glen hayden, managing director and head of global interest rates at morgan stanley, pictured here during his days at goldman sachs is being investigated by commodities and futures regulators. according to "the new york times," the question is whether hayden's trading manipulated the price of treasury futures while he was back at goldman in 2008. >>> news corp. announced the ceo of its uk newspaper operations who took the reins in july of last year is stepping down. >>> swiss banking giant ubs is reportedly close to reaching a $450 million settlement with u.s. and british authorities over an interest rate-rigging scandal that rocked the banking world this year. and on the deal front, delta airl
they'll also be watching for friday's release of the november jobs report and what impacts superstorm sandy and those fiscal fears may have had on hiring. meanwhile, the national retail federation is asking congress to step in and stop striking clerical workers who shut down 10 of 14 terminals at two california ports. the group estimates the now week-long strike is costing $1 billion a day. >>> edward glen hayden, managing director and head of global interest rates at morgan stanley,...
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Dec 6, 2012
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we've all seen those horrifying images from the devastation of hurricane sandy. it's not unreasonable the governor of the state of new jersey would come and say i need help. americans are going to see that. they see the republicans becoming increasingly sort of isolated and, again, it becomes this question of why are you holding the rest of us hostage for the top 2%? so the problem for the republicans is they don't have a lot of good options at this point to get themselves out of this corner. >> our power panel, my thanks to all three of you. i really appreciate your time. >> the fiscal cliff concession. are republicans getting redity wave the white flag of surrender? based on what you know, what do you think? plus why hamid karzai blames the u.s. for damage in that war torn country in an exclusive interview with nbc news. [ man ] ring ring... progresso this reduced sodium soup says it may help lower cholesterol, how does it work? you just have to eat it as part of your heart healthy diet. step 1. eat the soup. all those veggies and beans, that's what may help lo
we've all seen those horrifying images from the devastation of hurricane sandy. it's not unreasonable the governor of the state of new jersey would come and say i need help. americans are going to see that. they see the republicans becoming increasingly sort of isolated and, again, it becomes this question of why are you holding the rest of us hostage for the top 2%? so the problem for the republicans is they don't have a lot of good options at this point to get themselves out of this corner....
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Dec 7, 2012
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sandy will have had an affect on this. what we're interested to know is whether or not the fiscal cliff fears had any affect on this. was there less hiring, anybody laying off in anticipation of the fiscal cliff? that will be hard to determine. christine and i will look at the numbers when they come in to see if there's any impact of that. the affect of sandy, 86,000 fewer jobs than we otherwise would have had. we're looking at a much lower number. christine appears to have it right now. we are -- >> lowest unemployment rate since december '08. 7.7%. that's the unemployment rate. surprise there. i'm going to listen to the jobs part of it. >> that is unexpected. we were expecting the unemployment rate to go to 8.0, from 7.9 to 8.0. it's gone the other direction. >> 146,000 jobs created. >> double than what was expected. >> diane s wochlswonk, chief ec. 7.7% is the unemployment rate, 146,000 jobs that have been added. the estimates were completely off. what are the implications of these numbers? >> well, certainly it's reass
sandy will have had an affect on this. what we're interested to know is whether or not the fiscal cliff fears had any affect on this. was there less hiring, anybody laying off in anticipation of the fiscal cliff? that will be hard to determine. christine and i will look at the numbers when they come in to see if there's any impact of that. the affect of sandy, 86,000 fewer jobs than we otherwise would have had. we're looking at a much lower number. christine appears to have it right now. we are...
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Dec 8, 2012
12/12
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chris and sandy's twin boys were just entering high school. when this case is heard, they will be getting ready to graduate from high school. their moms deserve the same freedom to marry just as everyone else has in this country. and in this country we don't deny a certain portion of our citizens a fundamental right. we just don't. it's not american. >> isn't it true that when we had this in the court in the ninth in the appellate level, nobody came forward because nobody could come up with what you call a justification, some compelling reason. just chat on that point. you raised it. there's no compelling reason against giving the rights to people, the right to marriage. >> that's exactly right, chris. it's important to note in both of these cases, the united states government has refused to defend doma, the federal law that's now before this court, and when we filed the case right here in california, as one has to do, we sued the governor at the time which was arnold schwarzenegger and our attorney general at the time which was jerry brown, t
chris and sandy's twin boys were just entering high school. when this case is heard, they will be getting ready to graduate from high school. their moms deserve the same freedom to marry just as everyone else has in this country. and in this country we don't deny a certain portion of our citizens a fundamental right. we just don't. it's not american. >> isn't it true that when we had this in the court in the ninth in the appellate level, nobody came forward because nobody could come up...
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economists fear sandy battered hiring with estimates of 80 to 93,000 jobs added. that's compared to 171,000 in october. >>> well, good news though from yesterday's weekly jobless claims which held steady right around the pre-storm level. >>> elsewhere, apple says it will begin making one of its mac lines here in the u.s. next year. >>> growing criticism across the pond. starbucks is foregoing certain tax deductions that helped reduce its tax bill to zero in britain agreeing to pay $32 million it does not owe. >>> the securities and exchange commission says netflix chief reed hastings may have violated fair disclosure rules with a facebook post saying monthly streaming hours had past 1 billion. netflix stocks soared 6% that day. >>> ibm is revamping its retirement plans contributing to employee 401 k accounts just once a year. >> "the wall street journal" reports the washington post will soon begin charging for online articles after a certain number of free ones. >>> sad news out of chicago where the maker of the academy awards oscar statue wets is planning to layo
economists fear sandy battered hiring with estimates of 80 to 93,000 jobs added. that's compared to 171,000 in october. >>> well, good news though from yesterday's weekly jobless claims which held steady right around the pre-storm level. >>> elsewhere, apple says it will begin making one of its mac lines here in the u.s. next year. >>> growing criticism across the pond. starbucks is foregoing certain tax deductions that helped reduce its tax bill to zero in britain...
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in fact, because of hurricane sandy, new jersey governor chris christie actually cancelled halloween. he tweeted this today. he said, it's just not safe yet to be out trick or treating. so, halloween has officially been postponed until monday. does he really have the authority to -- [ laughter ] -- cancel halloween? this seems very suspicious to me. especially considering the fact that he just posted this photograph on instagram. [ laughter and applause ] i believe he wants all the candy for himself. i'm sure you'll all be happy to know that even though many homes on the jersey shore were destroyed this week, the one that snooki and jwoww lived in is fine. the "jersey shore" house survived the hurricane. unfortunately, so did "the real housewives of new jersey." they're all okay. god had one chance and he blew it. [ laughter ] you guys are here on a big night for me personally. i'm excited and nervous tonight because david letterman is here. [ cheers and applause ] i -- i love david letterman. and -- i've been on his show a bunch of times. but he's never been here on my show so, i hop
in fact, because of hurricane sandy, new jersey governor chris christie actually cancelled halloween. he tweeted this today. he said, it's just not safe yet to be out trick or treating. so, halloween has officially been postponed until monday. does he really have the authority to -- [ laughter ] -- cancel halloween? this seems very suspicious to me. especially considering the fact that he just posted this photograph on instagram. [ laughter and applause ] i believe he wants all the candy for...
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Dec 7, 2012
12/12
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you didn't see a real pullback because of sandy in the numbers. maybe that will come in next month. look at the unemployment rate on the right there. 14.4%. the real unemployment. people that are working part time, want to be working full time, people out of work. >> by the way, that unemployment number, real unemployment number, is the same one we have low unemployment, too. when we low unemployment, it is actually high when you get the real numbers. >> these are the sectors we are flipping through. 43,000 jobs created. anyone trying to get your kid in college, government pointed out computer systems analysts and related fields very strong demand. that fits in that professional business services. good pay in that field. let's talk about the breakdown of race. african-american unemployment went down a little bit. 13.2%. >> still way too high. >> notice the disparities between the worker groups are still a problem. structural problems there. but the african-american unemployment rate went down and that's the trend. we have two years and change now of -- month after month of solid job
you didn't see a real pullback because of sandy in the numbers. maybe that will come in next month. look at the unemployment rate on the right there. 14.4%. the real unemployment. people that are working part time, want to be working full time, people out of work. >> by the way, that unemployment number, real unemployment number, is the same one we have low unemployment, too. when we low unemployment, it is actually high when you get the real numbers. >> these are the sectors we are...
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Dec 7, 2012
12/12
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despite predictions of stalled job creation in november in superstorm sandy and looming fiscal cliff, the nation added 146,000 jobs last month, and unemployment ticked down to 7.7%. while november's figures are higher than expected, september and october were revised down 16 and 33,000 jobs respectively. chief economists for moody's analytics mark zandi cautions november may see a downward revision but the numbers are a good sign. >> bottom line, feels like the job market is holding firm in the face of sandy and fiscal cliff concerns, so that's good news. >> surprising exactly no one, the white house and republicans had different spin on the numbers. >> if congress does address the problems that it needs to address, concerning the fiscal cliff, if we have reasonable resolution type of programs that the president has been proposing to support the economy in the short run, get us on a sustainable fiscal path in the long run, protect the middle class we're going to see progress in this economy. >> the risk the president wants us to take increasing tax rates will hit many small businesses
despite predictions of stalled job creation in november in superstorm sandy and looming fiscal cliff, the nation added 146,000 jobs last month, and unemployment ticked down to 7.7%. while november's figures are higher than expected, september and october were revised down 16 and 33,000 jobs respectively. chief economists for moody's analytics mark zandi cautions november may see a downward revision but the numbers are a good sign. >> bottom line, feels like the job market is holding firm...
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previouses to hurricane sandy, the only people using those were pimps. now a local pay phone company said since the power went out, they've seen a 2,500% increase in pay phone use. that is -- do you have any idea how hard it is to play draw something on a pay phone? there's also a severe gasoline shortage in new york and new jersey. 75% of the gas stations in the state of new jersey are closed right now. people are waiting in line for hours and the worst part of that is, the people driving priuses who laugh and give you the finger as they go by. but this -- and i don't want to preach here, but -- this is why it's so important to bury a dinosaur in your yard. you have to plan ahead. cbs-2 news stopped by an overcrowded gas station in the city today where tensions are running even higher than they usually do in new york. >> i'm coming. >> honking and hurling obscenities, drivers nearly coming to blows. >> look at that. he's jumping. >> it was outrage. at a than mat tan gas station. >> he's jumping. this is a line! i follow the line, he come, he's jumping.
previouses to hurricane sandy, the only people using those were pimps. now a local pay phone company said since the power went out, they've seen a 2,500% increase in pay phone use. that is -- do you have any idea how hard it is to play draw something on a pay phone? there's also a severe gasoline shortage in new york and new jersey. 75% of the gas stations in the state of new jersey are closed right now. people are waiting in line for hours and the worst part of that is, the people driving...
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Dec 2, 2012
12/12
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and part of that is due to sandy. there were $18 billion in lost wages and salaries from sandy. it really hit, although it didn't hit the nation, it will have an impact on g.d.p. and on unemployment. in october, we also saw that there was a decrease in purchases, adjusted for inflation, the biggest in three months. so, there was a definite stoppage, this was a populated area with an impact. >> when do we expect the numbers will come back? >>guest: there is one positive impact in terms of the economy. you have workers, construction workers coming from all over the country who have been unemployed to help rebuild and we are expecting there could be a half percentage point increase in economic growth next year because of this rebuilding effort. >>heather: is that construction jobs or over all? >>guest: in the reconstruction, rebuilding and infrastructure. this is not the way that we want economic growth but there is one side where people are getting jobs who did not have them before. >>heather: and another increase in auto sales? >>guest: so many of the cars were flooded out and th
and part of that is due to sandy. there were $18 billion in lost wages and salaries from sandy. it really hit, although it didn't hit the nation, it will have an impact on g.d.p. and on unemployment. in october, we also saw that there was a decrease in purchases, adjusted for inflation, the biggest in three months. so, there was a definite stoppage, this was a populated area with an impact. >> when do we expect the numbers will come back? >>guest: there is one positive impact in...
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Dec 7, 2012
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now, again, back to hurricane sandy. from the commissioner's statement, the storm we saw happen on october 29th, the next pay period ended on november 12th. the way bls essentially keeps score it says workers have to be off work for the entire pay period to be counted on the negative side. on the household survey side, persons who missed work for weather-related events are counted as employed whether or not they are paid for the time off. we did have a drop in the labor force participation rate, down 0.2 to 63.6%. how did we get to 7.7% unemployment? basically the number of unemployed persons dropped more than the number of employed and there were downward trends in both those categories. lots to chew on. back to you guys. >> hampton, thank you. we are kind of scratching our heads. let's get more reaction from our panel. mark zandi and jared bernstein are here with us. mark, what do you make of this number? we've set this up as numbers were not going to be things we watched closely because of sandy. >> i'd say two things
now, again, back to hurricane sandy. from the commissioner's statement, the storm we saw happen on october 29th, the next pay period ended on november 12th. the way bls essentially keeps score it says workers have to be off work for the entire pay period to be counted on the negative side. on the household survey side, persons who missed work for weather-related events are counted as employed whether or not they are paid for the time off. we did have a drop in the labor force participation...
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Dec 8, 2012
12/12
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industry estimates put the total amount of damage from superstorm sandy at $50 billion. insurance companies are expected to pick up between $10-$20 billion of that. that puts superstorm sandy at the top of the list ahead of hurricanes ike, ivan, and irene. monday we will look at why rebuilding from sandy is so expensive thanks to where she came ashore. ruben ramirez, seaside heights, new jersey. back here on wall street, tom, some interesting revolutions from netflix today saying it got a wells notice and being investigated by the securities and exchange commission. behind it is a very interesting debate going on. the reason for the investigation is that the ceo reid hastings had posted some information on his facebook page about developments at the company and the fec said you didn't disclose this property, should have been a press release or filing with the sec and raises new questions about social media and fair disclosure. >> tom: this is all about how technology is changing and regulations have a hard time susie keeping up with it. we see it with high frequency trad
industry estimates put the total amount of damage from superstorm sandy at $50 billion. insurance companies are expected to pick up between $10-$20 billion of that. that puts superstorm sandy at the top of the list ahead of hurricanes ike, ivan, and irene. monday we will look at why rebuilding from sandy is so expensive thanks to where she came ashore. ruben ramirez, seaside heights, new jersey. back here on wall street, tom, some interesting revolutions from netflix today saying it got a wells...
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Dec 7, 2012
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you had sandy. i mean, it may be -- the journal argued it's the least important jobs number in five years. >> i saw that. i do think one thing we can certainly say given that china seems to be stabilizing a bit, we can all discuss europe. greek situation. maybe it's off the front pages for a while. and so if we assume that the jobs picture in the u.s. is not bad, let's assume not bad, it puts even more of a focus on the fiscal cliff negotiations because it becomes even more binding one would assume in terms of good or bad for the market, for the economy. >> kernen had a good point. does strength mean the economy could handle a cliff or is it so good you wouldn't want to tamper -- >> if i wanted to create a recession, what would i do? i would raise everybody's rates. i would cut the unemployment benefit. just trying to think of a theory of how i could cause a recession. i would cut back government spending quickly. >> i would raise interest rates to 20%. >> bernanke ought to join the -- look, i think
you had sandy. i mean, it may be -- the journal argued it's the least important jobs number in five years. >> i saw that. i do think one thing we can certainly say given that china seems to be stabilizing a bit, we can all discuss europe. greek situation. maybe it's off the front pages for a while. and so if we assume that the jobs picture in the u.s. is not bad, let's assume not bad, it puts even more of a focus on the fiscal cliff negotiations because it becomes even more binding one...
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Dec 6, 2012
12/12
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sandy. it looks like those are coming down again. the big jobs report will be tomorrow, which will give us the real gauge of what's happen iin here. they expect only 77,000 jobs added. and the unemployment rate, they think, will tick back up to 8%. 77,000. why? because of superstorm sandy. you didn't have hiring, people getting jobs in the northeast because during that time the last month or so. >> jack welch right now, they went up after the election. >> those chicago people. >>> all morning we've been following major developments in both syria, in egypt and syria there are new fears that they could unleash nerve gas on some of the rebels. that's a report from nbc news, that syria is loading the component chemicals. cnn has not confirmed that report yet. egypt, protoasters have started to gather outside the presidential palace in cairo. lots of anger building after the new president gave himself extra powers. the protests were very violent last night. the clashes killed at least five people
sandy. it looks like those are coming down again. the big jobs report will be tomorrow, which will give us the real gauge of what's happen iin here. they expect only 77,000 jobs added. and the unemployment rate, they think, will tick back up to 8%. 77,000. why? because of superstorm sandy. you didn't have hiring, people getting jobs in the northeast because during that time the last month or so. >> jack welch right now, they went up after the election. >> those chicago people....
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Dec 4, 2012
12/12
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when a storm like sandy approached, it caused severe flooding. in somerset county, the people of crisfield were severely impacted with the loss of their homes, businesses, aquaculture crops ruined and this is a very foldable community, not a chair. 32% live below poverty. they don't have a lot of options. they don't have resources to take care of their needs without assistance from government. i'm very proud of the leadership of our state in trying to help those individuals in the entire team that were ominous. many are familiar with brewster county were maryland is located. 9.8% of worcester county is below poverty and they have twice the number on average of alter the that we have in our state. they were particularly impacted by the storm. thanks to the extraordinary leadership of governor o'malley, our maryland emergency management agency and the full partnership they brought into being, including our state, local officials. we have extraordinary leadership from county executives, maryland national guard. i was with them throughout the storm.
when a storm like sandy approached, it caused severe flooding. in somerset county, the people of crisfield were severely impacted with the loss of their homes, businesses, aquaculture crops ruined and this is a very foldable community, not a chair. 32% live below poverty. they don't have a lot of options. they don't have resources to take care of their needs without assistance from government. i'm very proud of the leadership of our state in trying to help those individuals in the entire team...